9202 84th ave - Cape Summit -Summit Estates 1.44 Acres of Residential Land Offered at $6,400,000 in Miami, FL 33156

Extraordinary Development Opportunity in highly desirable Continental Park! Rare opportunity to acquire approximately 62,850 SF (1.44 acres) of strategically positioned land in one of Miami's most desirable and centrally located neighborhoods. The property is currently under application for a proposed 65-unit residential development with 81 parking spaces and benefits from RM-D (36 units per acre) zoning parameters, Administrative Site Plan Review, Smart Corridor Plan provisions, and Workforce Housing regulations.
Existing water and sewer infrastructure is already in place, creating efficiencies for future development. The proposed development process does not require a public hearing, offering a potentially streamlined path through approvals, while deletion of the existing declaration is currently underway.
Ideally situated just two blocks east of Baptist Hospital Main Campus, one of South Florida's most prominent healthcare systems and major employment centers, this site benefits from powerful demand drivers and a location highly attractive to healthcare professionals, executives, and workforce populations.
Positioned within an established residential setting known for mature landscaping, larger homesites, and long-term desirability, the property offers immediate connectivity to major transportation corridors including US-1, SR-878 (Snapper Creek Expressway), Florida's Turnpike, and SR-826 (Palmetto Expressway). Convenient access places residents minutes from Dadeland Mall and business district, Coral Gables, Pinecrest, Coconut Grove, and Downtown Miami.
The opportunity presents substantial potential for developers and investors seeking to capitalize on Miami-Dade's growing demand for attainable and workforce housing within centrally located employment corridors. Potential buyer profiles include multifamily and workforce housing developers, institutional and private investors, joint venture groups, and long-term holders seeking future stabilized income opportunities.
Development opportunities offering this combination of location, infrastructure readiness, entitlement potential, and proximity to one of South Florida's largest employment centers are increasingly limited. Unique opportunity to deliver a thoughtfully planned residential community within one of Miami's most established and accessible neighborhoods.
Buyer to independently verify zoning, density, use restrictions, development potential, approvals, and all information deemed important.